1. M&A Process
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M&A Strategy
Target
Screening
Preliminary
Due Diligence
Authorisation &
Negotiation
Implementation
& Execution
Owner
Process
Input
Process
Output
Bonyad
Sina
Holding
M&A
Department
M&A Strategy
Business
Model
Corporate
Strategy
Business
Unit
Strategy
Define
Acquisition
Criteria
Define
Acquisition
Type
Identify
Potential
Targets
Comparison of
Target with
Criteria
Develop Long
List
Develop “Short
List”
Assessing
Candidates
Willingness to
Sell
Review the
CIM
Synergy and
Value Driver
Quantification
Investment
Proposal
MOU Initiation
Arrangement of
Meeting with
Stakeholders
Negotiation
Target
Approach
Strategy
Obtaining the
Approval
Deal Structure
Definitive Due
Diligence
Close and
Execute
Integration
Plans
Execution
Transaction
3. Identification & Evaluation of Investment
Opportunities process
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Investment Identification Evaluation
Owner
Process
Input
Process
Output
Strategy
Map
Transforma
tion
roadmap
Proposed
Investment
M&A
Strategy
Market
Research
Networking
Target Screening
Preliminary
Due Diligence
Develop Long
List
Identify
Potential
Targets
Comparison of
Target with
Criteria
Develop “Short
List”
Assessing
Candidates
Willingness to
Sell
Valuation of
target company
Investment
Proposal
(IC)
Business
Model Analysis
Market
Analysis
Technical
Financial
Analysis
Legal Analysis
Synergy and
Value Driver
Quantification
Review the CIM
Valuation
Source of
Investment
Bonyad
Sina
Holding
M&A
Department